The US dollar reached a yearly high against major currencies and continued to rise for the fifth consecutive day, supported by a rise in bond yields and Donald Trump's election victory. Quotes were held above the 1.0600 level, however, this barrier was overcome and at the moment the price may find support in the vicinity of the previously mentioned mark of 1.0530.

News Impacting EUR/USD Pair

Among the news that could affect the volatility of the dollar and, consequently, the EUR/USD pair, the speech of the Federal Reserve Chairman Jerome Powell, expected in the second half of the day in the US, should be noted first. Also, important will be the publication of data on the consumer price index and initial jobless claims in the United States.